New Delhi, Oct. 24 -- India's private sector activity gained further momentum in October compared to September, with manufacturing reporting stronger performance compared to services, according to Flash Purchasing Managers' Index (PMI) data released by S&P Global on Friday. The composite index reached a four-month-high as new orders rose and inflationary pressures eased this month. "Private-sector manufacturing activity continued to expand, with growth of output and new orders broadly unchanged at last month's levels," said Pranjul Bhandari, chief India economist at HSBC. The headline indicator, HSBC Flash Composite PMI Output Index, which accounts for both services and manufacturing activity, increased from 55.9 in September to 56.7 in Oct...